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The 2026 Nissan LEAF S will debut at just $25,360, making it one of the cheapest EVs on the market. That’s $4,630 less than the S+ trim and over $2,700 cheaper than the 2025 model. With a 52 kWh battery and 174 horsepower, range remains to be confirmed, but Nissan is already positioned as the first automaker to deliver a $25k EV, a milestone long promised by Tesla but never realized.

Volkswagen raises the 2025 ID.Buzz lease bonus to $10,500, cutting monthly costs to $589. The deal ends September 30 with limited availability.

Electric vehicle leases in the U.S. have hit record lows, with some dropping under $100 a month. Automakers are using deep discounts and federal tax credits to move inventory before incentives expire in September. EVs now lease for less on average than gas cars, fueling a surge in demand.

U.S. EV sales surged in July, reaching the second-highest monthly total on record. Tesla led the way with sharp price cuts and expanded incentives, while industrywide discounts hit historic highs. Automakers are racing to boost sales before the $7,500 federal EV tax credit expires on October 1, creating a surge of short-term demand that could reshape the market in the coming quarter.